Blue Ocean Sponsor LLC - Jun 21, 2024 Form 4 Insider Report for Blue Ocean Acquisition Corp (BOCN)

Role
Other*, 10%+ Owner
Signature
/s/ Stuart Karle, Member of Blue Ocean Sponsor LLC
Stock symbol
BOCN
Transactions as of
Jun 21, 2024
Transactions value $
$0
Form type
4
Date filed
6/25/2024, 04:23 PM
Previous filing
Jun 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BOCN Class A Ordinary Shares Conversion of derivative security +4.35M 4.35M Jun 21, 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BOCN Class B Ordinary Shares Conversion of derivative security $0 -4.35M -100% $0.00 1 Jun 21, 2024 Class A Ordinary Shares 4.35M Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 29, 2023, shareholders of the Issuer approved a proposal to amend the Issuer's articles of association to permit holders of the Issuer's Class B ordinary shares to convert such holder's Class B ordinary shares into Class A ordinary shares on a one-for-one basis at any time and from time to time prior to the closing of an initial business combination at the election of the holder. On June 21, 2024, the Reporting Person exercised its right to convert a portion of its Class B ordinary shares into Class A ordinary shares.

Remarks:

Marcus Brauchli is a manager of Blue Ocean Sponsor LLC and serves as a director on the Issuer's board of directors. As such, Blue Ocean Sponsor LLC may be deemed a director by deputization of Mr. Brauchli.